Oil firms have announced adjustments on prices of their products starting Tuesday morning.

In separate advisories, oil players Cleanfuel, Flying V, Petro Gazz, Petron, Seaoil, Shell, and Total will slash gasoline prices by PHP0.10 per liter, and will increase diesel prices by PHP0.45 per liter.

Flying V, Petron, Seaoil, and Shell will also hike kerosene prices by PHP0.55 per liter.

Firms said the adjustments in local oil prices reflect movements in the international oil market.

According to OilPrice.com, West Texas Intermediate was trading at USD40.17 per barrel and Brent crude at USD42.43 a barrel.

Both prices were down from their last trading. (PNA)